Exim Bank's Line of Credit (LOC) of USD 20 million to Myanma Foreign Trade Bank, Myanmar

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..... Madam / Sir, Exim Bank's Line of Credit (LOC) of USD 20 million to Myanma Foreign Trade Bank, Myanmar Export-Import Bank of India (Exim Bank) has concluded an Agreement dated February 17, 2009 with Myanma Foreign Trade Bank, Myanmar making available to the latter, a line of Credit (LOC) of USD 20 million (USD twenty million) for financing eligible goods and services including consultan .....

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..... date of execution of Agreement is February 17, 2009. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract (s) in case of project exports and 72 months (February 16, 2015) from the execution date of the Credit Agreement in case of supply contracts . 3. Shipments under the LOC will have to be declared on .....

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..... Mumbai 400 005 or log on to www.eximbankindia.in. 6.The Directions contained in this circular have been issued under sections10(4) and 11(1) of the Foreign Exchange Management Act (FEMA),1999(42of1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, Salim Gangadharan Chief General Manager-in-charge - Circular - Trad .....

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